I've been with SAP for many years and I still trust most of the management but today's call really breaks my trust in it.
Why is management blaming shareholders for the stock price going down? Why can't they take accountability because they set the strategy?
Why is management blaming employees saying we aren't doing as well as we can? We're consistently overperforming even with less resources than before, employees are burnt out and they're setting higher and higher targets for each year. Why can't they allow more budget for areas that need investments?
Why is management trying for share buybacks and layoffs at the same time? They both need a lot of cash flow and the share price rise is modest at best. We're losing budget that can be put to better use instead. Buybacks seem completely unnecessary and layoffs make us lose good employees who can support other initiatives.
Why does management keep talking about Palantir in every fr3aking call? I am tired of comparisons between Palantir and SAP as they are very different companies with a vastly different customer base. I don't understand CK's obsession with Peter Thiel. Our business models are different and we should focus on ours instead of trying to be more like Palantir.
Why isn't management looking into customer feedback around AI? I herd several times that customers aren't understanding AI enough or that they are not using it correctly or that they aren't finding the right tool or whatever new excuse. Microsoft already showed that Copilot generated revenue in the short term because it was forced to be a part of every Microsoft product. But they didn't get the adoption they expected and customers aren't willing to pay more for AI if it doesn't generate additional value for them. SAP needs to work on AI but the focus should be on generating value for customer not on AI adoption of SAP products. So far, Joule has been a failure.
I am tired, boss.
I want less layoffs. I want our management to be more accountable. How do we move on from here? CK and DA are only doubling down on this messaging and SAP's been going downhill.